Judge Stays Enforcement Of Arbitral Award Pending Appeal In Swedish Court

Mealey's (February 3, 2020, 12:44 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge on Jan. 27 issued a stay of enforcement of a 53.3 million euro award the Kingdom of Spain was ordered to pay a Luxembourg-based energy company, pending its appeal of the award to a Swedish appellate court, noting that the company’s claims of potential hardship caused by a stay were outweighed by Spain’s demonstrated “pressing need” for a stay and the interests of judicial economy (Novenergia II – Energy & Environment [SCA] v. The Kingdom of Spain, No. 18-01148, D. D.C., 2020 U.S. Dist. LEXIS 12794)....